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biggest dispute was over tax autos governor romney's central economic plan calls for a $5 trillion tax cut. >> i don't have a $5 trillion kachl tut can you tell. >> governor romney's proposal calls for a $5 dwrinl tax cut. >> i'm in the looking for a $5 trillion tax cut. >> fact check? the president is wrong to say romney's plan will add $5 twrinl to the deficit. romney said as he did last night the plan to lower the rate will be offset by closing loopholes and limiting deductions. and romney won't identify which loopholes or deduction. and concluded it's not possible to find enough loopholes and deductions. romney criticized that study. >> he cite a study. there are six studies looking at that study you described and say it's wrong. >> studies romney are talking about are from his own backers and advisors and a former advisor to george w. bush. on medicare, romney said the president's plan will limit care. >> this is going to tell people what kind of treatments they can have. >> this board can't make decisions about what treatments are given. that is prohibited in the law. >> the pres
biggest dispute was over tax autos governor romney's central economic plan calls for a $5 trillion tax cut. >> i don't have a $5 trillion kachl tut can you tell. >> governor romney's proposal calls for a $5 dwrinl tax cut. >> i'm in the looking for a $5 trillion tax cut. >> fact check? the president is wrong to say romney's plan will add $5 twrinl to the deficit. romney said as he did last night the plan to lower the rate will be offset by closing loopholes and limiting...
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at tonight's debate, a blizzard of percents. >> 93% of the businesses are not taxed at the 35% tax rate. >> reporter: all these perce percents -- >> it's mast. >> reporter: intended to make politics seem like facts that can't be argued with. >> like a sports analogy. it's odds, percentage chances. people have those percentages in their mind. they know their take-home pay. things that apply in their own life. >> reporter: but too many percents and you risk sounds like yogi berra, who said baseball is 90% physical, the other half is mental. a recent survey showed 42% of americans don't believe the polls. bottom line, percents don't always make sense. keep in mind, tonight, both candidates looked like they were addressing the 100%. but really, they're vying for a much smaller piece of the pie. really, they're trying to capture the undecided voters in the swing states who happen to be watching. that's not the 99%, not even the 47%. but that tiny fraction will end up deciding who won. >> if you want to focus on a percentage in this election that matters the most, it's 4% of the people that a
at tonight's debate, a blizzard of percents. >> 93% of the businesses are not taxed at the 35% tax rate. >> reporter: all these perce percents -- >> it's mast. >> reporter: intended to make politics seem like facts that can't be argued with. >> like a sports analogy. it's odds, percentage chances. people have those percentages in their mind. they know their take-home pay. things that apply in their own life. >> reporter: but too many percents and you risk...
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on cutting taxes, even for the rich, the tone, different. during the primary -- >> i said today, we're going to cut taxes on everyone, across the country, by 20%. including the top 1%. >> reporter: last night? >> i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people, but it's just not the case. >> reporter: but on those regulations, dodd-frank, the new rules meant to prevent another financial collapse, romney often simply says -- >> i've got other things to do. we've got to repeal dodd-frank. >> reporter: but last night? >> you have to have regulation and there's some parts of dodd-frank that make all the sense in the world. >> reporter: and on the president's health care law, romney usually simply says this. >> if your priority is jobs, you got to get rid of obama care, and i will. >> reporter: but last night, when asked what he would replace it with? >> in fact, i do have a plan that deals with people with pre-existing
on cutting taxes, even for the rich, the tone, different. during the primary -- >> i said today, we're going to cut taxes on everyone, across the country, by 20%. including the top 1%. >> reporter: last night? >> i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people, but it's just not the case. >> reporter: but on those regulations, dodd-frank, the...
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how in lord's name can they justify raising their taxes with these tax cuts? >> two questions, is there more pressure on the vice president now to be aggressive coming off the president's debate, and are you worried about gaffes like that? >> well, look, i don't think that was a gaffe, george. i think what the vice president was talking about is what he's talked about every day, which is a series of eight years of -- >> he said they were buried the last four years. >> well, we've been digging out for what was an avalanche of bad economic decisions over the past eight years during the bush administration, and what mitt romney and paul ryan want to do is take us back to that exact same failed economic theory, talk down tax cuts, eviscerating the investments we know we need to grow our economy from the middle out rather than from the top down. look, i know vice president biden. i know he's looking forward to having a spirited exchange about ideas. i simply hope this, i hope what paul ryan does is something fundamentally different than what mitt romney does, and t
how in lord's name can they justify raising their taxes with these tax cuts? >> two questions, is there more pressure on the vice president now to be aggressive coming off the president's debate, and are you worried about gaffes like that? >> well, look, i don't think that was a gaffe, george. i think what the vice president was talking about is what he's talked about every day, which is a series of eight years of -- >> he said they were buried the last four years. >>...
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quote, when he commented to wealthy donors about the 47% of americans who don't pay federal income taxes. he told fox news his life has shown that he cares about 100% of americans. more in about 15 minutes. >>> this morning the woman charged with ditching her daughter after a botched shoplifting attempt is sitting in santa clara jail this is marcy keelin's mugshot. cameras were rolling when she stepped out of a list car in san jose yesterday after being extradited from nevada where she had been hiding. investigators say she sped off leaving her 10-year-old behind after workers at a safeway store in morgan hill spotted them stealing. she faces burglary and child endangerment charges. >>> is if expected to be over -- san francisco has several major events taking place, police will be patrolling all over they. they say you can take precautions against becoming a victim. ama daetz has more. >> reporter: san francisco is teaming with sailors, military and otherwise. america's cup racing and fleet week are two of several major events this weekend. huge crowds expected to congest city streets a
quote, when he commented to wealthy donors about the 47% of americans who don't pay federal income taxes. he told fox news his life has shown that he cares about 100% of americans. more in about 15 minutes. >>> this morning the woman charged with ditching her daughter after a botched shoplifting attempt is sitting in santa clara jail this is marcy keelin's mugshot. cameras were rolling when she stepped out of a list car in san jose yesterday after being extradited from nevada where she...
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i don't have a tax cut that's 4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher program. i love teachers. we need more of them. don't believe me. speaker gingrich was pretty elegant in the primaries saying, look, mitt romney will say absolutely anything to get elected. >> and here's ""the new yorker's" take on the debate. it shows mitt romney debating an empty chair. >>> president obama continues be on his fundraising swing through california looking to capitalize on friday's good economic news. september unemployment rate released on friday dipped to 7.8%, the lowest of his presidency. and new fundraising numbers show the obama campaign is coming off its best month of the year raising $181 million in september. at a fundraising concert last night in los angeles the president added to his campaign coiffers. after thanking the stars for the performance, the president commented on his own performance. >> everybody here is incredible professionals, such great friends. they performed flawlessly, night after night. i can't always say th
i don't have a tax cut that's 4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher program. i love teachers. we need more of them. don't believe me. speaker gingrich was pretty elegant in the primaries saying, look, mitt romney will say absolutely anything to get elected. >> and here's ""the new yorker's" take on the debate. it shows mitt romney debating an empty chair. >>> president obama continues be on his...
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amount of taxes they pay. >> my view is we should provide tax relief to those in the middle class. but i am not going to reduce the share of taxes paid by high income people. >> romney said he would close tax loopholes and limit the de tucks -- deductions to the risk. >> it is knot possible to come up with enough deductions and loopholes that only affect high income individuals to either avoid raising the deficit or burdennenning the middle class. it is math. it is arithmetic. >> on health care -- >> first of all, i like the way we did it in massachusetts. >> romney said he would repeal obama care, but not all of the parts people like. >> preexisting conditions are covered under my plan. number two, young people are able to stay on their family plan. >> what your plan does is to duplicate what is already the law. >> the president's responses did not pin romney to what he said during the primaries and the republican nominee was able to reframe his positions. >> we are not going to get rid of all regulation. you have to have regulation. and there are some parts that make all the sens
amount of taxes they pay. >> my view is we should provide tax relief to those in the middle class. but i am not going to reduce the share of taxes paid by high income people. >> romney said he would close tax loopholes and limit the de tucks -- deductions to the risk. >> it is knot possible to come up with enough deductions and loopholes that only affect high income individuals to either avoid raising the deficit or burdennenning the middle class. it is math. it is arithmetic....
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amount of taxes they pay. >> my view is we should provide tax relief to those in the middle class. but i am not going to reduce the share of taxes paid by high income people. >> romney said he would close tax loopholes and limit the de tucks -- deductions to the risk. >> it is knot possible to come up with enough deductions and loopholes that only affect high income individuals to either avoid raising the deficit or burdennenning the middle class. it is math. it is arithmetic. >> on health care -- >> first of all, i like the way we did it in massachusetts. >> romney said he would repeal obama care, but not all of the parts people like. >> preexisting conditions are covered under my plan. number two, young people are able to stay on their family plan. >> what your plan does is to duplicate what is already the law. >> the president's responses did not pin romney to what he said during the primaries and the republican nominee was able to reframe his positions. >> we are not going to get rid of all regulation. you have to have regulation. and there are some parts that make all the sens
amount of taxes they pay. >> my view is we should provide tax relief to those in the middle class. but i am not going to reduce the share of taxes paid by high income people. >> romney said he would close tax loopholes and limit the de tucks -- deductions to the risk. >> it is knot possible to come up with enough deductions and loopholes that only affect high income individuals to either avoid raising the deficit or burdennenning the middle class. it is math. it is arithmetic....
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for instance, he has not indicated what tax loopholes he would close to pay for his tax cuts. they hope he will be pressed on this wednesday night. we go now to david muir traveling with the romney campaign. >> reporter: hey, jake. good evening from denver. the debate two days from now in this city. mitt romney will appear a short time from now at a rally right behind me. his campaign today acknowledging he will spend most of his time hunkered down, preparing for the most important night of his political career. the debate stage coming together here at the university of denver, where governor romney will stand on the same stage with the president for the first time. romney flying here from boston today, along with a team of top advisers with whom he's practiced extensively. in early september, he spent days at this secluded retreat in vermont. then, more practice in los angeles. then, just this weekend in boston. and playing the role of the president in those mock debates, senator rob portman of ohio. portman taking pointed shots at romney in his answers. as top romney adviser
for instance, he has not indicated what tax loopholes he would close to pay for his tax cuts. they hope he will be pressed on this wednesday night. we go now to david muir traveling with the romney campaign. >> reporter: hey, jake. good evening from denver. the debate two days from now in this city. mitt romney will appear a short time from now at a rally right behind me. his campaign today acknowledging he will spend most of his time hunkered down, preparing for the most important night...
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at the same time that my tax plan has already lowered taxes for 98% of families, i also lowered taxes for small bi businesses 18 times. what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. but i have said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to boot. and the reason this is important is because by doing that, we cannot only reduce the deficit, we cannot only encourage job growth through small businesses, but we're able to make the investments that are necessary in education, or in energy. and we do have a difference, though, when it comes to definitions of small business. under my plan, 97% of small businesses would not see their income taxes go up. governor romney says, well, the top 3%, they're the job creators, they'd be burdened. but under governor romney's definition, there are millionaires and billionaires who are small business. do
at the same time that my tax plan has already lowered taxes for 98% of families, i also lowered taxes for small bi businesses 18 times. what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. but i have said that for incomes over $250,000 a year, that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to...
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tax. why should they be the only economic sector that is not paying? that would bring money into our economy for things that we need. >> not just since 2007, but over the last two years average income has declined. that's a huge problem for president obama. is that fair to say that's his fault, because he bailed out the banks just like bush did and didn't give any relief to the homeowners. >> exactly no relief to the homeowners, as to the students who are basically a generation of in dentured servants. this transpacific partnership is nafta on summer recognized off shoring our jobs and undermining wages. he is giving away the store to wall street over and over again without actually doing the things we can do. we're calling for a green new deal, which would use our dollars for creating jobs directly not for more tax breaks for the job creators to create more jobs in india and china. he has his priorities mixed up. he does need to be held accountable not only for shipping jobs overseas, bai
tax. why should they be the only economic sector that is not paying? that would bring money into our economy for things that we need. >> not just since 2007, but over the last two years average income has declined. that's a huge problem for president obama. is that fair to say that's his fault, because he bailed out the banks just like bush did and didn't give any relief to the homeowners. >> exactly no relief to the homeowners, as to the students who are basically a generation of...
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a year is legitimate because the once rural lands face greater right after this ook they pass that tax increase with a vote. >> the taxpayer association just filed a lawsuit claiming that that fee is a tax. it means legislature needed a super majority to be valid. the group wants homeowners refunded. >> we're having them pay it and we follow the lawsuit against that tax base seeking to invalidate it. >> in light of a year seen 1300 more fires state wide, cal fire says the fee is critical. the agency's budget has been deducted by the amount the fire fee supposed to bring in this year. >> there is a majority coming out of the general fund. it goes up and goes down with the economy. with this new funding source with the fee, it's providing a stable funding source to help us preprevent lashlgest wildfire autos and i would like to get my name in there to see if we can get cancelled out. >> in sacramento abc 7 news. >> there is gas stations beginning to run dry this, owner has shut down because he'd have to charge $6 a gallon to turn a profit. gasoline are at the lowest they've been in five
a year is legitimate because the once rural lands face greater right after this ook they pass that tax increase with a vote. >> the taxpayer association just filed a lawsuit claiming that that fee is a tax. it means legislature needed a super majority to be valid. the group wants homeowners refunded. >> we're having them pay it and we follow the lawsuit against that tax base seeking to invalidate it. >> in light of a year seen 1300 more fires state wide, cal fire says the fee...
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to provide tax relief to people in the middle class. i'm not going to reduce share of taxes paid by high income people. >> reporter: romney said he would close tax loopholes and limit reductions to the rich. >> the president: it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdenning the middle class, it is math, -- arithmetic. >> i like the way we did it in massachusetts. >> reporter: romney said he would repeople obama care but not all the parts people like. >> number one, preexisting conditions are covered under my plan. young people are able to stay on their family plan. >> the president: what your plan does is duplicate what already law. >> reporter: the president's responses did not pin romney to what he said during the prime reese and he was able to reframe his positions. >> you have to have regulation there's some parts of dodd-frank that make sense. >> reporter: where romney was weakest was in specifics. the president aid that poi
to provide tax relief to people in the middle class. i'm not going to reduce share of taxes paid by high income people. >> reporter: romney said he would close tax loopholes and limit reductions to the rich. >> the president: it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdenning the middle class, it is math, -- arithmetic. >> i like the way we did it in massachusetts....
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he wants to give tax cuts to people over to -- 250. repeal the estate tax and he said he also wants to increase spending for the defense industry. so i don't -- it's right there. this is what he has been running on. he says this will spark economic revival. >> so we don't know is what the president will run on. lou: we do know. he has to run on his record. what he has done is not deliver on cutting the deficit. what he has done is create over $5 trillion in deficits. and a debt of $16 trillion in total. >> see him run his record. that is what he has done. lou: i want to understand something here. is there some way he doesn't run on his record? i'm sorry. >> for the last 20 muncie has been running and his record. lou: i'm not talking about that. i'm talking about right now. governor romney put him on his record, and that was his signature achievement. >> i promise you, what they will do, they're going to fire ever nuclear bomb they have. lou: had dirty. is that what you're saying? >> at the end of the day, the fact that the man stood on
he wants to give tax cuts to people over to -- 250. repeal the estate tax and he said he also wants to increase spending for the defense industry. so i don't -- it's right there. this is what he has been running on. he says this will spark economic revival. >> so we don't know is what the president will run on. lou: we do know. he has to run on his record. what he has done is not deliver on cutting the deficit. what he has done is create over $5 trillion in deficits. and a debt of $16...
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the real mitt romney's been running around the country for the last year, promising $5 trillion in tax cuts that favor the wealthy. >> reporter: obama campaign advisers were even more blunt, accusing romney of being dishonest on the debate stage. but some of the president's supporters and liberal pundits are baffled by what they saw as a passive performance. >> i felt like he should have been more aggressive. >> i don't know what he was doing out there. he had his head down. he was enduring the debate, rather than fighting it. >> reporter: president obama could have new worries today when the monthly job numbers come out. economists predicted the unemployment rate could go from 8.1% to 8.2%. >> critical numbers. tahman bradley live for us. thanks, tahman. >>> and one other campaign note this morning. a film dramatizing the raid that killed osama bin laden will make its debut just two days before the election. the national geographic channel denies there was any political motivation. it says the air date was chosen to kick off the fall season. >>> american airlines is cancelling or dela
the real mitt romney's been running around the country for the last year, promising $5 trillion in tax cuts that favor the wealthy. >> reporter: obama campaign advisers were even more blunt, accusing romney of being dishonest on the debate stage. but some of the president's supporters and liberal pundits are baffled by what they saw as a passive performance. >> i felt like he should have been more aggressive. >> i don't know what he was doing out there. he had his head down....
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. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: paul ryan pounced. >> vice president biden, just today, said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney as the next president of the united states. [ applause ] >> reporter: the vice president later said that the middle class pain was due to bush policies. that romney and ryan want to repeat. the debate symbolizes a problem for the president. even though the economic collapse happened under bush, four years later, families are still hurting. many in the middle class are barely treading water. all guaranteed fodder for tomorrow night's debate in denver. the first lady is making her way there. first stop in ohio. >> are you fired up? >> reporter: where early voting began today. >> are we going sit back and watch everything we worked for and fought for to just slip away? >> reporter: ann romney got to colorado before her. >> we have a debate coming up. we're excited about that. we
. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: paul ryan pounced. >> vice president biden, just today, said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney as the next president of the united states. [ applause ] >> reporter: the vice president later said that the middle class pain was due to bush policies. that...
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let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you interrupted me. >> here are the specifics. >> excuse me. >> let's talk the other big. >> no, no, let's not. let's let him respond to this specific on dodd-frank. >> some viewers also wondered why lehrer didn't challenge romney's attack on his own network, pbs. >> i'm going to stop the subsidy to pbs. i love big bird. actually like you, too, but i'm not going to keep on spending money to borrow money from china to pay for it. >> the web went wild for big bird. shame shame. mentions of big bird went up 800,000%. seriously, though. l lehrer with his criticized for not explaining dodd-frank and simpson bowles to the public. obama adviser s
let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you...
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they are holding tax cut for 98% of american hostage until we pass tax cuts for the wealthiest 2% of americans. asked about how that we asked them how that helps the middle class. congress did to provide every responsible home owner a chance to save about $3,000 a year on the mortgage by refinancing at lower rates. i give them a plan to do that in february, a plan that has the support of independence and leaders across the housing industry. republicans will not the plan come to a vote. ask them how that helps home owners. third, congress need to step up and passed my plan to create a veteran's job corps to help our returning heroes find work as cops, firefighters, and park rangers and communities across the country. a few weeks ago, republicans in the state -- senate vote of the plan down. in other words, ask them to get back to work and get these things done. there is no time for political gains, even in a political season. everyone needs to do their part. if you agree with me, let your representative know where you stand. tell them that if they want your vote, they need to stand wi
they are holding tax cut for 98% of american hostage until we pass tax cuts for the wealthiest 2% of americans. asked about how that we asked them how that helps the middle class. congress did to provide every responsible home owner a chance to save about $3,000 a year on the mortgage by refinancing at lower rates. i give them a plan to do that in february, a plan that has the support of independence and leaders across the housing industry. republicans will not the plan come to a vote. ask them...
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. >> reporter: to taxes. >> why is it that if you take advantage of a tax break and you're a corporation, you're a smart businessman. but if you take advantage of something that you need to not be hungry, you're a moocher. >> reporter: and even foreign policy. >> it appears that the american foreign policy has been to go into the middle east and try to buy friends. does that ever work? >> yeah, we can buy friends. >> i think it works. >> reporter: there were moments you'll likely never see in the presidential debate. >> you just begrudged -- >> no, no, no. >> you've been begrudging all night. >> no. >> this is nothing but begrudging. >> reporter: here's their advice for bridging the bipartisan divide in congress. one major snafu of the night, some viewers had difficulties streaming the debate live. >> let me ask you this -- >> reporter: there was so much demand, it overloaded the servers. >> this whole idea is insanity. >> reporter: prompting tweets like this. "your site is more broken than america." "the rumble 2012 will soon be followed by the refund 2012." at a press conference after
. >> reporter: to taxes. >> why is it that if you take advantage of a tax break and you're a corporation, you're a smart businessman. but if you take advantage of something that you need to not be hungry, you're a moocher. >> reporter: and even foreign policy. >> it appears that the american foreign policy has been to go into the middle east and try to buy friends. does that ever work? >> yeah, we can buy friends. >> i think it works. >> reporter: there...
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. >> the tax on our consulate on september 11th, 2012 was likely the work of force as fill ed with those who atack our homeland on september 11th, 2001 this latest assault can't be blamed on a reprehensible video insulting islam, despite administration's attempts to convince of us of that. >> reporter: the romney campaign is trying to reverse the tide on this issue. the republican contender used today's speech to keep up his criticism of the obama administration. romney had a swagger. he's riding a wave of momentum after last week's debate. latest poll taken after the denver show count has the race tied at 47 among registered voters. president obama had a five point advantage in the three days leading in the debate. the same poll found voters overwhelmingly said romney won't debate, the biggest debate win ever recorded by gallup. bigger than clinton's 42 point margin over bush.4!zf[ç in los angeles last night musicians lent their support. mr. obama thanked the performers and threw in a not so subtle reference to his debate performance. >> the president: they perform flawlessly, night af
. >> the tax on our consulate on september 11th, 2012 was likely the work of force as fill ed with those who atack our homeland on september 11th, 2001 this latest assault can't be blamed on a reprehensible video insulting islam, despite administration's attempts to convince of us of that. >> reporter: the romney campaign is trying to reverse the tide on this issue. the republican contender used today's speech to keep up his criticism of the obama administration. romney had a...
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when you pay when you file income tax. that is going through irs. >> interesting. >> this comes from diane. she asks i was wondering when mobile carriers going to deactivate stolen phone autos they've been working on a plan that if someone steels your phone they won't be able to use your phone. verizon is doing thchl they turn off the phone. the phone cannot be used on any carrier by october 31 every other carrier will be in on this. and so if stolen, it's inoperable in america. >> and marilyn asked i was in the gap and they were not charging for bags and giving out plastic bags to customers. are they exempt? >> no. and here is the basic rule for the new bag ban. they must charge 10 cents if they give you a bag. you're not allowed to have plastic so you're down to compostable bag that's look plastic and then, paper bags, both they must charge a dime. and the only people or businesses that are exempt are restaurants. right now they are allowed to give you a bag so think in terms of a dried up restaurant. what would you do?
when you pay when you file income tax. that is going through irs. >> interesting. >> this comes from diane. she asks i was wondering when mobile carriers going to deactivate stolen phone autos they've been working on a plan that if someone steels your phone they won't be able to use your phone. verizon is doing thchl they turn off the phone. the phone cannot be used on any carrier by october 31 every other carrier will be in on this. and so if stolen, it's inoperable in america....
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president tried to get him on that on the $5 trillion tax cut thing. i'm not sure he effectively pinned him down on that though the obama campaign was spinning that they did. >> i think they made a mistake on that issue, the obama people did, by going with the $5 trillion. because that, you know, policy wonks can debate whether it amounts to $5 trillion or not. what they can't debate, it's a 20% tax reduction for the wealthiest americans. that is a plain irrefutable fact and if they used that, it would, first of all, explain more what this is, which is a tax cut for the wealthy which was one of several points the president wasn't able to actually convey in a clear way. and would also be, you know, be on dispute factually. >> and when a -- sorry, go ahead. >> no. >> when paul ryan spoke at the republican convention, the first reaction was, wow, young fresh guy, so handsome. you know, there's like -- an immediate positive response. later that night, that same evening in the same news cycle, the sort of second breath response was, wow, there are a lot of
president tried to get him on that on the $5 trillion tax cut thing. i'm not sure he effectively pinned him down on that though the obama campaign was spinning that they did. >> i think they made a mistake on that issue, the obama people did, by going with the $5 trillion. because that, you know, policy wonks can debate whether it amounts to $5 trillion or not. what they can't debate, it's a 20% tax reduction for the wealthiest americans. that is a plain irrefutable fact and if they used...
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and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert, heads to san francisco today with romney's poll numbers improving. >> they're looking very good. >> reporter: after the debate, romney is within two points of the president. and tomorrow, both candidates head to ohio, battleground ohio, where early voting is already under way. tomorrow is the last day to register to vote there. veronica? >> thank you. mitt
and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan....
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out of ten, that's 90% of households will see a tax hike averaging $3,500. economists are warning if congress drives off what is called the so-called fiscal cliff, there will be automatic tax increases and deep spending cuts on january 1st. >>> the federal mortgage task force is filing its first action against a major bank. the civil lawsuit against jpmorgan chase alleges massive fraud involving mortgage-backed securities. rather than a specific deal, the complaint focuses on improper practices through bear stearns, which jpmorgan chase acquired after it went bust. >>> american express is agreeing to refund $85 million to about 250,000 credit card customers and pay about $27.5 in fines. federal agencies say the company charged improper late fees and deceived credit card customers about old debts and new services. >>> there is a major recall from honda this morning. it affects 600,000 accords with v6 engines from 2003 to 2007 years. the hose for power steering might come loose and leak fluid causing a fire. only one fire has been reported thus far. honda will
out of ten, that's 90% of households will see a tax hike averaging $3,500. economists are warning if congress drives off what is called the so-called fiscal cliff, there will be automatic tax increases and deep spending cuts on january 1st. >>> the federal mortgage task force is filing its first action against a major bank. the civil lawsuit against jpmorgan chase alleges massive fraud involving mortgage-backed securities. rather than a specific deal, the complaint focuses on improper...
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he said in fact that they do want to race taxes a trillion dollars. i want to create good jobs in america. reporter: now, the president is hammering mitt romney today on the 5 trillion-dollar tax increase. that was the same accusation that governor romney beat back several times in denver. last night, president obama's deputy campaign director, stephanie cutter, acknowledged that that tax cut would be nowhere near $5 trillion. she did go on to say that all of the loopholes that the governor would use to try to make that revenue neutral would not bring up the total amount, but it is important to note that she did say that tax and cuts would be hard. megyn: there is some troubling news from the unemployment department on jobs. applications rose to 360,000. that is up from last week. a second report shows planned layoff 4.9% in september. yesterday the commerce department said factory orders dropped 5.2% in august. still, just a short time ago, president obama said today's report shows that the economy is headed in the right direction. >> after losing ab
he said in fact that they do want to race taxes a trillion dollars. i want to create good jobs in america. reporter: now, the president is hammering mitt romney today on the 5 trillion-dollar tax increase. that was the same accusation that governor romney beat back several times in denver. last night, president obama's deputy campaign director, stephanie cutter, acknowledged that that tax cut would be nowhere near $5 trillion. she did go on to say that all of the loopholes that the governor...
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i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, people out there. i love charleston. a lot of people -- rather charlotte because in charlotte you heard an entire political party speaking led by people like deval patrick, the governor of massachusetts, after you saw mr. mayor. i think it sounds better when it's a serenade than when it's a solo. what do you think about that? because the other guy has these terrible attack dogs out there, people like trump pitching the birtherism nonsense, sununu talking about being lazy. you got priebus and his nonsense about him being from europe and foreign and newt saying terrible things not to mention jack welch trying
i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, people...
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raising taxes on the middle class and raising taxes on seniors. the same economists who mitt romney referred to to back up his plan said you couldn't pay for it without eliminating the mortgage introduction which many middle class families rely on if they have more specifics, we are interested to hear those tomorrow night. so far we haven't heard how you pay for it without raising taxes on the middle class. >> as we look at a new quinnipiac poll, it's finding more of the majority of americans think the president will win the debates. the president has done his best to temper debate expectations looming out there, saying he's just an okay debater. is your campaign worried these high expectations could backfire on the president? >> the president will come into the debates prepared. mitt romney has been preparing for the debates earlier than any candidate we could find on record since july. it took the week of the convention to prepare for the debates. according to "the new york times," he spent eight days preparing for this debate. we expect him to
raising taxes on the middle class and raising taxes on seniors. the same economists who mitt romney referred to to back up his plan said you couldn't pay for it without eliminating the mortgage introduction which many middle class families rely on if they have more specifics, we are interested to hear those tomorrow night. so far we haven't heard how you pay for it without raising taxes on the middle class. >> as we look at a new quinnipiac poll, it's finding more of the majority of...
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the tax plan still doesn't add up. the question for him is whether or not he's able to obscure o that on the stage tonight. >> ezra. thank you. so chris hayes, do we end up in a mega-audience version of paul ryan saying this weekend, i don't really have the time to give you the numbers. i'd bore you if i gave you the math. >> that, to me, is the most fascinating element in this debate. is that he has said time and time again, mitt romney even said at one point, look, i learned from governor christie, if you give people details, they just use it to attack you. he has said explicitly as a matter of strategy, we won't give you more details. so how long can he avoid details on stage with the president for 90 minutes. and the other problem, it's not just bain, it's not just fact that this is the wealthiest man to run for president, well, in nominal dollars, ever, but in real dollars, in a long time. but he is proposing the same thing that republicans always propose when they get into office. the one reliable policy you can
the tax plan still doesn't add up. the question for him is whether or not he's able to obscure o that on the stage tonight. >> ezra. thank you. so chris hayes, do we end up in a mega-audience version of paul ryan saying this weekend, i don't really have the time to give you the numbers. i'd bore you if i gave you the math. >> that, to me, is the most fascinating element in this debate. is that he has said time and time again, mitt romney even said at one point, look, i learned from...
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he has an entitlement reform plan, tax plan, corporate tax plan, energy plan, trade plan. the president doesn't. and i think it really showed. he imagined he was going to get through this race simply by disqualifying romney. they almost did it during the summer. they came this close. >> hold on a second. >> i want to ask you something. the whole debate last night was obama saying no to romney's agenda. we all learned romney's agenda. nobody learned obama's agenda. now he's going back to negativism. this is a huge mistake. let me tell you something else romney did to get reaction. your man obama is going to have so much trouble. romney said to 68 million viewers, i can make a deal. i can go across the aisle like i did in massachusetts. in fact he even said about his tax reform plan, if you don't like the specific version let's talk about some other options. but you, mr. president, you couldn't make a deal. you had a deal, you broke the deal with john boehner. that's what the woodward book is all about. in other words, this is something independents love. i say clinton democ
he has an entitlement reform plan, tax plan, corporate tax plan, energy plan, trade plan. the president doesn't. and i think it really showed. he imagined he was going to get through this race simply by disqualifying romney. they almost did it during the summer. they came this close. >> hold on a second. >> i want to ask you something. the whole debate last night was obama saying no to romney's agenda. we all learned romney's agenda. nobody learned obama's agenda. now he's going...
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this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. taxation. we should bring the tax rates down. for corporations and individuals. for us not to lose revenue, i lowered deductions and credits and intentions so we keep taking in the same money when you account for growth. energy is critical. the president pointed out that production of oil and gas in the u.s. is up but not due to his policies -- in spite of his policies. all of the increase in natural gas and oil has happened on privat
this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the...
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. >> i'm not in favor of a $5 billion tax cut. >> reporter: and after romney took aim at sesame street -- >> i'm going to stop the subsidy to pbs, i'm going to stop other things -- i like pbs. i like big bird. >> reporter: big bird stayed way up past his bedtime to appear on "saturday night live." >> do you have any political statement you would like to make? >> no, i don't want to ruffle any feathers. >> reporter: first up here in los angeles, president obama will attend a small fundraiser with former president bill clinton and then he will attend a production at the theater tonight. vice president joe biden is getting ready for thursday night, and it is somewhat in damage control mode. lester? >> we want to turn now to our political director and chief white house correspondent chuck todd. chuck, the debate, the positive numbers we noted potential game changers for both candidates last week, how do you expect they'll try to build off this week? >> they're trying to go on the air using the debate in tv advertisements to try to sort of blunt some of the debate momentum that romney got.
. >> i'm not in favor of a $5 billion tax cut. >> reporter: and after romney took aim at sesame street -- >> i'm going to stop the subsidy to pbs, i'm going to stop other things -- i like pbs. i like big bird. >> reporter: big bird stayed way up past his bedtime to appear on "saturday night live." >> do you have any political statement you would like to make? >> no, i don't want to ruffle any feathers. >> reporter: first up here in los...
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leadership, that's salesmanship. [ cheering ] >> the president: and we cannot afford another round of tax cuts for the wealthy. >> reporter: mr. obama has raise add average of three million dollars from his previous trips here. he may need all the money he can get, because his visit to san francisco came on the day that the pew foundation released national survey which showed romney leading him by three percentage points. his next stop, ohio. vic lee, abc7 news. >>> mitt romney is in iowa this morning, moments ago during a rally he slammed president obama for talking about big bird on the campaign trail. >>> food stamps, when the president taobg office, 32 mill on food stamps, now there are 47 million. these are tough times with serious issues. you have to scratch your head when the president spends the last week talking about saving big bird. [ laughing ] [ cheering [ >> romney's comments about big bird are the target of a new spoof tv ad from president obama's cam paint mocks romney. -- >> big bird. >> big, yellow, men noise our economy. mitt romney knows it is not wall street you have
leadership, that's salesmanship. [ cheering ] >> the president: and we cannot afford another round of tax cuts for the wealthy. >> reporter: mr. obama has raise add average of three million dollars from his previous trips here. he may need all the money he can get, because his visit to san francisco came on the day that the pew foundation released national survey which showed romney leading him by three percentage points. his next stop, ohio. vic lee, abc7 news. >>> mitt...
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i will not, under any circumstances, raise taxes on middle-income families. >> reporter: the president challenged his rival, saying that romney cannot keep his goal of cutting taxes and not add to the deficit without hurting the middle-class. >> now, five weeks before the election, he's saying his big, bold idea is never mind. >> reporter: other topics included medicare reform and the president's health care reform law. while there wasn't a knockout punch by either side, some feel the president may have been too relaxed. >> this time, he seemed just a little detached at times. didn't want to be there. >> reporter: most agree romney led the debate. and after lagging in many polls, this first match-up could give him the boost he needed. >> knowing he's behind and he needs to win. and he came in and fought that fight stylistically. i think he put the president on defense a number of times. >> reporter: now, the candidates aren't wasting any time. they're getting back on the campaign trail today. and the big next week when the vice presidential candidates go one-on-one in kentucky. live in
i will not, under any circumstances, raise taxes on middle-income families. >> reporter: the president challenged his rival, saying that romney cannot keep his goal of cutting taxes and not add to the deficit without hurting the middle-class. >> now, five weeks before the election, he's saying his big, bold idea is never mind. >> reporter: other topics included medicare reform and the president's health care reform law. while there wasn't a knockout punch by either side, some...
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asked if woe release more taxes. there needs to be some kind of tax question tonight because the reality is that a lot of folks don't earn very much money in places here like denver are paying a higher percentage of their income than romney. romney believes there should be lower rates for investments but hasn't explained why it is fair that he pays a lower rate. >> quick on your list of questions, many have been asked to the candidates at some point or certainly, prepared to answer. will you be stunned if the questions on the stimulus on the case of the president or taxes, to romney, go unanswered without the candidate being specific? >> well, i won't be surprised at all but the nice thing about a debate is that i think the moderator, jim lehrer, is going to take a step back and allow the clash between the candidates. i think if romney gives a nonanswer to that question we just talked about obama will say, no, answer that question and that will generate an exciting back and forth and make for a great debate. sfeefrnl
asked if woe release more taxes. there needs to be some kind of tax question tonight because the reality is that a lot of folks don't earn very much money in places here like denver are paying a higher percentage of their income than romney. romney believes there should be lower rates for investments but hasn't explained why it is fair that he pays a lower rate. >> quick on your list of questions, many have been asked to the candidates at some point or certainly, prepared to answer. will...